CrowdStrike rose 3.4% after Deutsche Bank upgraded the stock to buy, while Palo Alto Networks gained 2% in sympathy. Rivian climbed 3.8% after an upgrade to buy at UBS, which sees the recent sell-off as a buying opportunity ahead of an inflection in the ramp of the R2 midsize SUV. Micron, SanDisk and Western Digital each gained around 2% as investors returned to artificial intelligence-related stocks after Friday’s steep sell-off. Estée Lauder jumped 3.5% after beating quarterly earnings expectations and raising its full-year outlook, while falling oil prices weighed on ExxonMobil, Chevron and Valero.
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